Sander Lovely hostel, amazing building. Really good facilities, awesome lounges. My only 'complaint' would be the looong corridor; walking from our room (at the far end of said corridor) to the kitchen always seemed to take an eternity. *g*
I'm not all that much of a fan of the town of Apollo Bay itself, but it makes for a useful stopover along the Great Ocean Road, and this hostel definitely makes it a lot better than it could've been. Be sure not to miss the lovely short Mait's Rest rainforest hike (about a 15 minute drive west).